The Swedish Inheritance Fund ( sv, Allmänna arvsfonden) is a
Swedish
Swedish or ' may refer to:
Anything from or related to Sweden, a country in Northern Europe. Or, specifically:
* Swedish language, a North Germanic language spoken primarily in Sweden and Finland
** Swedish alphabet, the official alphabet used by ...
State
fund Fund may refer to:
* Funding is the act of providing resources, usually in form of money, or other values such as effort or time, for a project, a person, a business, or any other private or public institution
** The process of soliciting and gath ...
, established in 1928 when the
Riksdag
The Riksdag (, ; also sv, riksdagen or ''Sveriges riksdag'' ) is the legislature and the supreme decision-making body of Sweden. Since 1971, the Riksdag has been a unicameral legislature with 349 members (), elected proportionally and se ...
decided to abolish the right of
inheritance for
cousins and more distant relatives. When a person in Sweden dies without a written
will
Will may refer to:
Common meanings
* Will and testament, instructions for the disposition of one's property after death
* Will (philosophy), or willpower
* Will (sociology)
* Will, volition (psychology)
* Will, a modal verb - see Shall and will
...
and no living spouse or close family, their
property is transferred to the fund; the fund also receives money from
gift
A gift or a present is an item given to someone without the expectation of payment or anything in return. An item is not a gift if that item is already owned by the one to whom it is given. Although gift-giving might involve an expectation ...
s and wills. The purpose of the fund is to support
non-profit organizations and other
voluntary associations. The fund is administered by the Swedish
Legal, Financial and Administrative Services Agency
The Legal, Financial and Administrative Services Agency ( sv, Kammarkollegiet) is a Swedish
Swedish or ' may refer to:
Anything from or related to Sweden, a country in Northern Europe. Or, specifically:
* Swedish language, a North Germanic lang ...
. Applications for grants from the fund, however, are reviewed and decided by the
Swedish Inheritance Fund Commission
Swedish or ' may refer to:
Anything from or related to Sweden, a country in Northern Europe. Or, specifically:
* Swedish language, a North Germanic language spoken primarily in Sweden and Finland
** Swedish alphabet, the official alphabet used by ...
, an agency that answers to the
Ministry for Health and Social Affairs.
The Swedish Interitance Fund receives properties from around 600 individuals each year. One of its largest additions was reported in January 2007, when the fund received 68 million
kronor from the estate of 86-year-old man in a
village outside
Umeå in northern
Sweden
Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...
, much to the surprise of his neighbours.
The only other
country with a state-governed inheritance fund is
Iceland.
See also
*
Government agencies in Sweden
The government agencies in Sweden are state-controlled organizations that act independently to carry out the policies of the Government of Sweden. The ministries are relatively small and merely policy-making organizations, allowed to monitor the ...
External links
*
Government agencies of Sweden
Organizations established in 1928
1928 establishments in Sweden
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